SLR Investment Corp. (NASDAQ:SLRC) Shares Acquired by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC increased its position in SLR Investment Corp. (NASDAQ:SLRC) by 12.9% in the first quarter, Holdings Channel reports. The firm owned 18,169 shares of the financial services provider’s stock after purchasing an additional 2,069 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in SLR Investment were worth $306,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its position in shares of SLR Investment by 1,642.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,398 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 3,203 shares in the last quarter. BNP Paribas Financial Markets bought a new position in SLR Investment during the fourth quarter worth $58,000. XTX Topco Ltd acquired a new position in SLR Investment in the fourth quarter worth $191,000. Wells Fargo & Company MN boosted its holdings in SLR Investment by 39.8% in the fourth quarter. Wells Fargo & Company MN now owns 12,480 shares of the financial services provider’s stock worth $202,000 after purchasing an additional 3,551 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in shares of SLR Investment during the fourth quarter worth $210,000. 35.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SLRC. Keefe, Bruyette & Woods lifted their price target on shares of SLR Investment from $16.00 to $17.00 and gave the company a “market perform” rating in a report on Tuesday, March 4th. B. Riley started coverage on SLR Investment in a research report on Tuesday, May 13th. They issued a “buy” rating and a $17.00 target price on the stock. JPMorgan Chase & Co. reduced their price target on shares of SLR Investment from $16.50 to $15.00 and set an “underweight” rating for the company in a report on Thursday, April 24th. Raymond James Financial decreased their target price on shares of SLR Investment from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Friday, May 9th. Finally, Wells Fargo & Company dropped their price target on shares of SLR Investment from $13.00 to $12.00 and set an “underweight” rating on the stock in a research report on Monday, April 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $15.96.

SLR Investment Price Performance

SLRC opened at $15.96 on Thursday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.05 and a quick ratio of 1.05. The business has a fifty day simple moving average of $16.17 and a 200-day simple moving average of $16.46. SLR Investment Corp. has a fifty-two week low of $13.64 and a fifty-two week high of $17.94.

SLR Investment (NASDAQ:SLRC) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $0.41 EPS for the quarter, meeting the consensus estimate of $0.41. SLR Investment had a return on equity of 9.53% and a net margin of 38.60%. The business had revenue of $53.18 million during the quarter, compared to the consensus estimate of $53.43 million. On average, equities analysts predict that SLR Investment Corp. will post 1.76 earnings per share for the current year.

SLR Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 10.28%. The ex-dividend date is Friday, June 13th. SLR Investment’s dividend payout ratio is presently 101.86%.

SLR Investment Profile

SLR Investment Corp. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, leveraged buyouts, acquisitions, recapitalizations, general refinancing, growth capital and strategic income-oriented control equity investments in leveraged middle market companies.